Assetmark Inc. Has $1.56 Million Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

Key Points

• Assetmark Inc. increased its holdings in International Flavors & Fragrances Inc. by 49.7% in Q1, acquiring an additional 6,664 shares, bringing its total to 20,078 shares, valued at $1,558,000.
• Several large investors are actively trading IFF shares, with American Century Companies Inc. increasing its holdings by 77.5% and owning 84,054 shares worth $7,107,000.
• International Flavors & Fragrances recently announced a quarterly dividend of $0.40 per share, with an annualized yield of 2.23% as of October 10th.

Assetmark Inc. raised its holdings in International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) by 49.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,078 shares of the specialty chemicals company's stock after buying an additional 6,664 shares during the period. Assetmark Inc.'s holdings in International Flavors & Fragrances were worth $1,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IFF. Wahed Invest LLC grew its holdings in shares of International Flavors & Fragrances by 2.1% during the fourth quarter. Wahed Invest LLC now owns 6,339 shares of the specialty chemicals company's stock worth $536,000 after buying an additional 130 shares during the last quarter. Commerce Bank grew its stake in shares of International Flavors & Fragrances by 3.8% during the 4th quarter. Commerce Bank now owns 4,141 shares of the specialty chemicals company's stock worth $350,000 after purchasing an additional 152 shares during the period. Byrne Asset Management LLC boosted its stake in shares of International Flavors & Fragrances by 3.3% during the 1st quarter. Byrne Asset Management LLC now owns 6,637 shares of the specialty chemicals company's stock worth $515,000 after acquiring an additional 210 shares in the last quarter. Huntington National Bank boosted its stake in shares of International Flavors & Fragrances by 5.3% during the 4th quarter. Huntington National Bank now owns 4,314 shares of the specialty chemicals company's stock worth $365,000 after acquiring an additional 219 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of International Flavors & Fragrances by 6.6% during the 4th quarter. Bessemer Group Inc. now owns 3,515 shares of the specialty chemicals company's stock worth $297,000 after acquiring an additional 219 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IFF. UBS Group lifted their price objective on International Flavors & Fragrances from $82.00 to $83.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Stifel Nicolaus dropped their price objective on International Flavors & Fragrances from $105.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Citigroup upped their price target on shares of International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Robert W. Baird decreased their price target on shares of International Flavors & Fragrances from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. Finally, Barclays raised shares of International Flavors & Fragrances from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $76.00 to $84.00 in a research report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $93.43.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Kevin O'byrne bought 4,500 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was acquired at an average price of $76.05 per share, with a total value of $342,225.00. Following the completion of the transaction, the director directly owned 7,696 shares in the company, valued at approximately $585,280.80. This represents a 140.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hernandez Margarita Palau bought 850 shares of the firm's stock in a transaction on Monday, May 19th. The shares were bought at an average cost of $77.42 per share, with a total value of $65,807.00. Following the purchase, the director directly owned 2,393 shares in the company, valued at approximately $185,266.06. This trade represents a 55.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 22,050 shares of company stock valued at $1,688,512 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Stock Performance

Shares of NYSE:IFF traded down $1.56 during trading hours on Friday, hitting $69.47. The stock had a trading volume of 1,489,182 shares, compared to its average volume of 1,557,884. The stock's fifty day simple moving average is $75.56 and its 200 day simple moving average is $78.00. International Flavors & Fragrances Inc. has a 1-year low of $65.85 and a 1-year high of $106.77. The firm has a market capitalization of $17.77 billion, a price-to-earnings ratio of -21.24, a PEG ratio of 3.07 and a beta of 1.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.39 and a current ratio of 1.87.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The specialty chemicals company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.12 by $0.08. International Flavors & Fragrances had a negative net margin of 7.31% and a positive return on equity of 7.99%. The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter last year, the business earned $1.13 earnings per share. International Flavors & Fragrances's revenue was down 1.9% compared to the same quarter last year. Sell-side analysts anticipate that International Flavors & Fragrances Inc. will post 4.32 earnings per share for the current fiscal year.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Monday, September 29th will be given a $0.40 dividend. The ex-dividend date is Monday, September 29th. This represents a $1.60 annualized dividend and a yield of 2.3%. International Flavors & Fragrances's payout ratio is -48.93%.

International Flavors & Fragrances Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.